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5 Ws of GDPR – Part 2: Why Should Businesses Care?

In our first installment of this blog series breaking down the details of the European Union’s General Data Protection Regulation (GDPR), we outlined the rights and rules that businesses will need to enforce to avoid hefty noncompliance fine. In this post, we aim to explain to businesses why GDPR is important beyond being yet another thorny rule to navigate. 

While the onus of the legislation is to protect individuals from poor data protection, GDPR also has the best interest of businesses top-of-mind. In fact, one of the primary reasons it took years for the European Commission to push GDPR through to law was that member states wanted to ensure they were delivering the most business-friendly bill possible.

Adhering improves business and security posture

When data storage becomes untenable, for instance, it creates a nightmare for IT to manage and customer service to navigate, which trickles down to all areas of the business. The GDPR helps make sure businesses are putting structures in place that prevent data from getting put into confusing or non-intuitive silos, for instance, while at the same time giving businesses incentive to isolate customer data in as many instances as possible. This helps ensure fewer errors within the data stores and enables the collection of more actionable data broadly.

Article 35, for instance, insists that companies collecting genetic data, health information, racial or ethnic origin, and even religious background of it’s customers need to appoint an individual who can act as a point of contact with the EU to assure best practices are being enforced. This may seem invasive, but it’s a necessary staffing procedure that many companies would be wise to look into – even just for internal checks and balances – as the amount of data collected and avenues for theft grow.

Compliance makes data more valuable to business

At its core, the GDPR gives businesses the guidelines to get the most value out of the data they are collecting by removing opportunities for redundancy and error that might otherwise result in significant lost time, revenue and morale. While the fines for noncompliance range from 4 percent of business revenue to $20 million – whichever impacts the business more – the bigger-picture costs of not effectively managing data are far more daunting.

The iboss Distributed Gateway Platform is an ideal partner for assuring that both the most baseline and in-depth compliance standards are met. For starters, the node-based architecture of the platform ensures that traffic passing through isn’t mixed or shared with unrelated data collected by other customers. At the same time, nodes can be delivered to process traffic at any locale, whether businesses want to redirect traffic through a branch office to better protect localized data or process content through cloud web gateways.

To learn more about how iboss can help businesses comply to GDPR ahead of the May deadline, download our whitepaper, “The 5 Ws of GDPR: A Starting Point for Compliance.”

 

Simon Eappariello is the Senior Vice President, Product & Engineering, EMEIA at iboss